The real world pact was the 2011 Budget Control Act, voted for by Congress.
That's what the sequester was part of when it was included in the Budget Control Act.
The Budget Control Act of 2011 was intended to provide breathing space and to buy time.
That's been his position since the day he signed the Budget Control Act.
The Budget Control Act is structured to reduce the deficit in two installments.
The deadline was created by legislation, the Budget Control Act of 2011.
The Budget Control Act of 2011 will cut off government subsidies of lower interest graduate student loans starting July 2012.
Further reductions are coming with the Budget Control Act of 2011 and the failure of the equally misnamed congressional super-committee.
If you are blissfully unaware of the Republican-Democrat partisan artillery, the sequester is part of the 2011 Budget control Act.
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The law creating the sequester (the Budget Control Act of 2011) lowers statutory caps on the spending authority of federal agencies.
What's more, the budget control act requires an additional almost five hundred billion dollars in reductions over the next ten years.
The sequester was put into place as part of the Budget Control Act in order to compel Congress to do its job.
It has been assigned a goal by the Congress through the Budget Control Act that was signed into law by the President.
Nobody intended the provisions of the Budget Control Act to be enacted.
Then, the Budget Control Act was passed mandating half a trillion dollars in defense savings over a decade in ten equal, annual increments.
Beyond the politics of defense cuts, the wording of the Budget Control Act makes more slashing of weapons accounts inevitable if sequestration is triggered.
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The start of automatic spending cuts triggered by a White House-Congress debt-hike deal and passed as part of the Budget Control Act in 2011.
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What is the case, as you know from the Budget Control Act, is that there are already savings in both non-defense and defense discretionary spending.
One is we believe that a CR should be practical, it should be non-political, and it should be consistent with levels of the Budget Control Act.
On the issue of budget cuts, these are the product of a bipartisan bill, the Budget Control Act that was passed, as you know, in August.
Fourth, the Budget Control Act permits the President at his discretion to exempt pay for military personnel from sequestration, which he announced he would do last July.
And it is our understanding -- at least on the last point -- that the CR in question is consistent with the levels of the Budget Control Act.
As I understand it, the pay-fors they put forward will require a change in the caps, a reduction in the caps agreed to in the Budget Control Act.
The whole point of the Budget Control Act was to create a trigger, a forcing mechanism that was so onerous that nobody wanted it to come to pass.
The process that was put in place by the Budget Control Act that created the super committee that created the sequestration remains in place, minus the super committee.
If Congress fails to break the current state of political gridlock, the sequestration cuts signed that are part of the Budget Control Act of 2011 would be triggered.
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And some Republican leaders who are now decrying the sequester were very vocal in their support of it as part of this package, the Budget Control Act, last year.
Then, after months of tumultuous and largely unsuccessful negotiations, Congress passed later that summer the Budget Control Act that raised the debt ceiling in return for caps on discretionary spending.
To that end, the Budget Control Act passed by Congress last year -- with the support of Republicans and Democrats alike -- mandates reductions in federal spending, including defense spending.
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Automatic, across-the-board budget cuts on January 2, 2013 as stipulated in the Budget Control Act of 2011 will impact all government programs with few exceptions, such as Medicare, Medicaid and Social Security.
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